O-I Glass and GridBeyond partner on battery storage solution [Yahoo! Finance]
O-I Glass, Inc. (OI)
Last o-i glass, inc. earnings: 4/28 04:20 pm
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US:NYSE Investor Relations:
investors.o-i.com/phoenix.zhtml?c=88324&p=irol-calendar
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Source: Yahoo! Finance
The project aims to enhance energy efficiency, grid stability, and sustainability for O-I's operations. The centrepiece of the initiative is an 8MW battery storage system coupled with an AI-powered energy management system (EMS) from GridBeyond. This intelligent system will strategically charge the battery based on real-time grid conditions. The solution offers a range of advantages for both O-I and the local electricity grid: Grid balancing and peak load reduction: During peak demand periods, the battery system can discharge stored energy, reducing strain on the grid and potentially lowering electricity costs for O-I. Renewable energy optimisation: The system can prioritise charging the battery system with renewable energy sources when available, promoting sustainability. Enhanced resilience: By acting as a backup power source, the battery can mitigate the impact of brownouts, preventing production disruptions at the O-I plant. O-I said it is committed to reducing its
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OI
News
- O-I Glass' process innovations saved over 24,000t of glass in 2023 [Yahoo! Finance]Yahoo! Finance
- Innovation Drives O-I Sustainability Progress [Yahoo! Finance]Yahoo! Finance
- Innovation Drives O-I Sustainability ProgressGlobeNewswire
- O-I GLASS AND GRIDBEYOND ESTABLISH INNOVATIVE BATTERY STORAGE SYSTEM IN ALLOA, UK [Yahoo! Finance]Yahoo! Finance
- O-I GLASS AND GRIDBEYOND ESTABLISH INNOVATIVE BATTERY STORAGE SYSTEM IN ALLOA, UKGlobeNewswire
OI
Earnings
- 4/30/24 - Beat
OI
Sec Filings
- 6/24/24 - Form 11-K
- 6/24/24 - Form 11-K
- 5/31/24 - Form SD
- OI's page on the SEC website